Feds, Ontario to Invest $3B in Darlington Nuclear Project
AI Article Summary
The federal and Ontario governments will jointly invest $3 billion in the Darlington New Nuclear Project in Clarington, Ontario. This project involves the construction of small modular reactors (SMRs) with Ontario Power Generation leading the project. It aims to create thousands of jobs and significantly boost economic activity, with four reactors expected to be operational by the mid-2030s. The newly fast-tracked project has an estimated construction cost of $20.9 billion.
What This Means for Canadian Contractors
This project shows how significant government investment can advance nuclear infrastructure, attracting private and indigenous investment over time. For Canadian builders, this means potential for a high demand in prefabrication and specialized nuclear construction skills. Additionally, the development of SMRs indicates a growing need for a supply chain that can support technologically complex and large-scale projects.
